List of six people shortlisted for position of CBK Chairperson

On May 3, the PSC invited interested Kenyans to make applications by May 23.

Piece by: BRIAN ORUTA
News

• The Commission also called on members of the public to submit any information of interest relating to the candidates to the PSC by July 10.

CBK

The Public Service Commission has shortlisted six individuals for the chairperson position of the Central Bank of Kenya Board of Directors.

The six include Abdikadir Aden, John Konchellah, James Wahome, Thomas Mwadeghu, Andrew Musangi and James Lopoyetum.

The interviews will be conducted at the PSC offices on July 12.

"Shortlisted candidates will be interviewed at the PSC, Commission House, Harambee Avenue, Nairobi on the date and time indicated. Candidates should be at the venue at least 15 minutes before the starting time," PSC said.

The Commission also called on members of the public to submit any information of interest relating to the candidates to the PSC by July 10.

"Members of the public are invited to avail any credible information of interest relating to any of the shortlisted candidates (through affidavits) to the secretary/CEO Public Service Commission, 4th floor Commission House, Harambee Avenue or online through hodrands@publicservice.go.ke."

On May 3, the PSC invited interested Kenyans to make applications by May 23.

The successful candidate will succeed Mohamed Nyaoga who has completed his maximum two terms at the helm of CBK.

Nyaoga was first appointed to the position by former President Uhuru Kenyatta in June 2015.

He had his term renewed for a final four-year term in June 2019.

The CBK Act says the chairperson shall hold office for a term of four years but shall be eligible for reappointment for one further term of four years.

Under Article 231 of the Constitution and sections 10-15 of the CBK Act, a person qualifies to serve as chairman if they hold a master's degree in economics, finance or law.

Such a person has to be “knowledgeable” of matters related to CBK’s functions and must have at least 10 years of experience at top management levels in economics, finance or law.

“The chairperson shall convene and chair the meetings of the CBK board,” the laws state.

Under the revised rules that the Treasury introduced in March, the CBK chairman, who unlike the Governor lacks security of tenure, will generally oversee the working of the country’s top bank.

The chairperson appraises the performance of the CBK Governor, determines the bank’s policy (other than the formulation of monetary policy) and reviews how the institution uses its resources.

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